Hello, I have a student line of credit. I got this about 7 years ago when I was in school and there is about $15,000 outstanding on it. My aunt is the co-signer. If I declare bankruptcy, will she be responsible for the debt?
joint line of credit
posted by Questions @
1 Expert Comment:
At December 16, 2009 |
1:16 pm
, Bart Goth, Trustee in Bankruptcy Said...
Yes, anytime you file for a bankruptcy and there is a co-signer what happens is you are legally absolved from this debt but the co-signer is still responsible that it be paid in full.
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